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Announcements

This site is currently inactive as I have decided to move away from exclusively trading Forex in 2010 and as such will not be taking on new coaching clients in this area.

 



I have resumed my focus on coaching as a stock market mentor where I run a success guaranteed stock trading mentorship program

 



Additionally, you can now get access to what I consider to be the best stock options daily trade alert service.

 



Of course, I am biased and with a success rate fluctuating between 68.2% and 72.4% it is hard not to be biased.

 



If you do want to follow along with what I am doing every day you can get access to my daily stock market report 

 

 

You can read the step-by-step Bollinger Band Trading Strategy Guide - this is my main active trading strategy



Until next time


happy trading 


Mr Phil Newton or on LinkedIn Phil Newton trader

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Blogs

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GBPJPY Trade Review - April 18th

Fridays Forex Trade review looks at another personal best for a single trade from entry to exit totaling 425 pips... wow. The last time I broke a record was way back in the middle of January and I didn't think that one would be broken for some time.

In this trade review we look at a Break out trade which didn't hold in the end and I then focus on my options for a re-entry. All these details were discussed in the Live Trading Room where the trade was followed in real time.



The full text is only available to subscribers! : click here to subscribe >



Phil Newton's picture

Just a funny joke my brother sent me

Question:How do you tell the difference between a UK Police Officer, an Australian Police Officer and an American Police Officer? 

Answer: Pose the following question: You're walking down a deserted street with your wife and two small  children.  Suddenly, a dangerous looking man with a huge knife comes around the  corner,  locks eyes with you, screams obscenities, and raises the knife and  charges. You are carrying a Glock .40, and you are an expert shot. You have mere  seconds before he reaches you and your family. What do you do?' 

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Trading Tip - Trade management - Stop or Target OR Trailing stops?

Watch the video below

One of the things we have been discussing in the Live Trading Room recently is different trade management tactics.

 

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GBPJPY Trade Review - April 10th

today's Forex trade review is on GBPJPY.  It was an interesting day today with UK interest rates being announced at 12:00.  two good trades developed themselves which we looked at in real time in the live trading room. What I was able to do today was capture and average days move to the downside and with the introduction of the aggressive directional bias based off the 240 min chart I was also able to capture an average move to the upside with an intraday reversal indication.... its a long one this one folks so a cuppa and a biscuit or two may be needed... enjoy

 

Phil Newton's picture

OK, I admit it....

OK, I admit it.... trading has been real hard work lately. There I said it!

I was mulling over that statement last night and in honesty was planning on posting it a little sooner. But those that join me in the Live Trading Room will have seen a slight turn around in the choppy conditions that have been present on the current trading pairs GBPUSD GBPJPY USDCHF and EURJPY.

Two good trades under the belt so far today have  certainly perked me up as all I kept thinking about is how long are these squeezes in price are going to last?

Phil Newton's picture

GBPJPY Trade Review - April 2nd

In todays trade review we can see quite a typical overnight range set up which presents a good trading opportunity.  the entry method we are looking at it a Fib retracement set up... this is one for the scrap book as its almost a text book set up.